American Tower stock: Data centers support higher 2026 outlook
Published on 10/30/2026 at 16:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAmerican Tower's outlook and growth drivers
- Third-quarter revenue increased 2.5 percent, while data center cash revenue rose 16.3 percent.
- Management raised the midpoint of its 2026 property revenue outlook by USD 55 million.
- The AFFO per share outlook increased to USD 11.04 to USD 11.16, while adjusted EBITDA guidance was maintained.
American Tower reported third-quarter results for the period ended September 30, 2026, on October 27 and raised its full-year outlook for the third time this year. The company cited continued data center outperformance and disciplined capital allocation. Business Wire carried the company release.
American Tower stock traded at EUR 168.93 on Lang & Schwarz at 16:13:39 CEST on Friday, October 30, 2026. Compared with the EUR 165.70 quote in the October 28 report, the move amounts to 1.95 percent. Investors should read that comparison as a change since the prior report rather than as a regular-session benchmark.
Data centers lift the outlook
Total revenue increased 2.5 percent to USD 2.785 billion. Total property revenue rose 4.5 percent to USD 2.734 billion, while data center cash revenue increased 16.3 percent. Organic tenant billings growth was 1.1 percent, showing that the data center business supplied the stronger operating impulse in the quarter.
American Tower raised the midpoint of its full-year property revenue outlook by USD 55 million to a range of USD 10.785 billion to USD 10.865 billion. The midpoint of adjusted EBITDA guidance was unchanged. The company also lowered its outlook midpoints for net income and net income attributable to common stockholders by USD 30 million each, primarily because of unrealized losses on equity securities.
Cash measures and capital allocation
AFFO attributable to common stockholders rose 2.4 percent to USD 1.335 billion, or USD 2.87 per share, up 3.2 percent. The full-year AFFO per share outlook now stands at USD 11.04 to USD 11.16, while the company repurchased approximately USD 315 million of stock during the quarter. The board authorized an additional USD 2.0 billion for future repurchases on October 23.
American Tower Corporation
- ISIN: US03027X1000
- Exchange: Lang & Schwarz
- Quote: EUR 168.93 on October 30, 2026 at 16:13:39 CEST
- Third-quarter revenue: USD 2.785 billion
- 2026 AFFO per share outlook: USD 11.04 to USD 11.16
The wider market backdrop remains relevant for infrastructure and real estate shares; see the latest S&P 500 market coverage.
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